The Advisor Weblog

Hourly perspective for majors
Eur/Usd technical perspective
Majors’s sentiment for today
Starting the day

Hourly perspective for majors

Posted: 30 Sep 2009 06:47 AM PDT

Here is the hourly perspective for majors after las U.S. data:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-09-30.v02.html

Eur/Usd technical perspective

Posted: 30 Sep 2009 04:55 AM PDT

Pair is back up, fighting the 1.4680 zone. Seems we are getting into a comfortable consolidation zone under 1.4700 and basing in the 1.4550 strong static support level, also 50% retracement of the last daily upleg. Pair should not easily overcome 1.4680 1.4720 resistances, so expect some downside movement from here, with immediate supports around 1.4640 and 1.4610, 38.2% of the rally. If under, next key support lie at the 1.4515, and then 1.4440 strong zone. Above 1.4720, last resistance comes around 1.4760 zone.

Majors’s sentiment for today

Posted: 30 Sep 2009 04:31 AM PDT

Here is majors sentiment for today:

Eur/Usd: Bullish

Gbp/Usd: Bullish

Usd/Chf: Bearish

Usd/Jpy: Bearish

Eur/Gbp: Bearish

Starting the day

Posted: 30 Sep 2009 04:29 AM PDT

Hi everybody, and welcome back! I have a terrible cold these days, part because of a sudden return of winter to Buenos Aires, part maybe because I’m a bit over excited on coming to the ITC! Really for me will be a hell of an experience also, travelling alone, away from my girls. They are still too young, I had travelled in the past, not since I become a mom. Life changes a lot! Anyway, forex! forex! not me! As we talk last night in the Daily Wrap Up Webinar, here at FXstreet.com at 22:30 GMT, gold remains the forex market leader. Where gold goes, there goes dollar. Back above $1000/oz, rising almost 10 dollars in the last 24 hours, and dragging greenback down across the board. Data around the world since past Asian session has been quite positive, except maybe for Europe inflation readings, supporting greenback falling trend. But don’t you there to talk about deflation in the euro zone ok? Anyway, we have GDP and ADP in the U.S. in a couple of hours, so market will wait also for that, to see where are we heading from here. Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!